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Aspire & Innovative IPO vs TAC Infosec IPO

Comparison between Aspire & Innovative IPO and TAC Infosec IPO.

IPO Details

Aspire & Innovative IPO is a SME Bookbuilding IPO proposed to list at NSE SME while TAC Infosec IPO is a SME Bookbuilding proposed to list at NSE SME.

 Aspire & Innovative IPOTAC Infosec IPO
LogoAspire & Innovative IPO LogoTAC Infosec IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersHem Securities Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aspire & Innovative IPO is up to ₹20.87 Cr whereas the issue size of the TAC Infosec IPO is up to ₹28.49 Cr. The final issue price of Aspire & Innovative IPO is ₹54.00 per share and of TAC Infosec IPO is ₹106.00 per share.

 Aspire & Innovative IPOTAC Infosec IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share₹100.00 per share
Issue Price (Upper)₹54.00 per share₹106.00 per share
Issue Price (Final)₹54.00 per share₹106.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size38,64,000 shares26,88,000 shares
Fresh Issue Size (Amount)up to ₹20.87 Crup to ₹28.49 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total38,64,000 shares26,88,000 shares
Issue Size Total (Amount)up to ₹20.87 Crup to ₹28.49 Cr

IPO Timetable

Aspire & Innovative IPO opens on Mar 26, 2024, while TAC Infosec IPO opens on Mar 27, 2024. The closing date of Aspire & Innovative IPO and TAC Infosec IPO is Mar 28, 2024, and Apr 02, 2024, respectively.

 Aspire & Innovative IPOTAC Infosec IPO
Anchor Bid DateMar 22, 2024Mar 26, 2024
Issue OpenMar 26, 2024Mar 27, 2024
Issue CloseMar 28, 2024Apr 02, 2024
Basis Of Allotment (Tentative)Apr 01, 2024Apr 03, 2024
Initiation of Refunds (Tentative)Apr 02, 2024Apr 04, 2024
Credit of Share (Tentative)Apr 02, 2024Apr 04, 2024
Listing date (Tentative)Apr 03, 2024Apr 05, 2024
Anchor Lockin End date 1May 01, 2024May 03, 2024
Anchor Lockin End date 2Jun 30, 2024Jul 02, 2024

Financials & KPIs

Aspire & Innovative IPO P/E ratio is 11.3, as compared to TAC Infosec IPO P/E ratio of 15.98.

 Aspire & Innovative IPOTAC Infosec IPO
Financials

Aspire & Innovative Advertising Limited Financial Information (Restated Standalone)

Aspire & Innovative Advertising Limited's revenue increased by 35.46% and profit after tax (PAT) rose by 21.38% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets8,135.726,256.995,328.013,492.07
Total Income17,710.2934,620.1025,558.3010,833.44
Profit After Tax393.28530.85437.36227.75
Net Worth1,944.531,551.251,020.39520.98
Reserves and Surplus833.531,440.15909.29519.98
Total Borrowing1,160.89881.53111.0255.91
Amount in ₹ Lakhs

TAC Infosec Limited Financial Information (Restated)

TAC Infosec Limited's revenue increased by 93.7% and profit after tax (PAT) rose by 735.05% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,213.02977.65496.45404.00
Total Income531.101,014.28523.63516.49
Profit After Tax194.85507.2960.7561.13
Net Worth962.90768.05260.75200.00
Reserves and Surplus917.90723.05215.75155.00
Total Borrowing27.6835.9389.0622.29
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)98.8478.00
Promoter Shareholding (Post-Issue)72.3556.94
P/E Ratio11.315.98
Market Cap₹81.96 Cr.₹111.08 Cr.
ROE22.50%22.51%
ROCE18.59%22.75%
Debt/Equity0.60
EPS₹4.78₹6.63
RoNW20.22%20.24%

Shares Offered

In the Aspire & Innovative IPO Retail Individual Investors (RII) are offered 13,54,000 shares while in TAC Infosec IPO retail investors are offered 13,54,000 shares. Qualified Institutional Buyers (QIB) are offered 7,74,000 shares in Aspire & Innovative IPO and 5,37,600 shares in TAC Infosec IPO.

 Aspire & Innovative IPOTAC Infosec IPO
Anchor Investor Reserveration11,56,000 shares8,06,400 shares
Market Maker Reserveration2,04,000 shares1,41,600 shares
QIB7,74,000 shares5,37,600 shares
NII5,80,000 shares4,03,200 shares
RII13,54,000 shares9,40,800 shares
Employee
Others
Total38,64,000 shares26,88,000 shares

Bids Received (Subscription)

Aspire & Innovative IPO subscribed 15.17x in total, whereas TAC Infosec IPO subscribed 422.03x.

 Aspire & Innovative IPOTAC Infosec IPO
QIB (times)5.21x141.29x
NII (times)25.60x768.89x
Big NII (times)
Small NII (times)
RII (times)16.39x433.80x
Employee (times)
Other (times)
Total (times)15.17x422.03x